Industry Analysis & Industry Trends
Driven by government support and increasing demand from patients, the development of traditional Chinese medicine (TCM) hospitals has accelerated in recent years. In 2014, revenue for this industry is expected to increase to $36.9 billion, up 13.8% from 2013 and representing annualized growth of 16.2% from 2009.
For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability is expected to rise from 0.9% in 2007 to an estimated 4.0% in 2014. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 2,971 traditional Chinese medicine hospitals in China, with 208 beds each on average.... purchase to read more
Industry Report - Industry Investment Chapter
Within the Traditional Chinese Medicine Hospital industry, about 21 cents are invested in capital for every dollar spent on wages. Construction of hospitals requires a large amount of capital. In traditional Chinese medicine hospitals, traditional Chinese and western medicine are integrated to some degree. Therefore, besides the traditional medicine devices, some Western diagnosis and treatment devices are also introduced, which further increases capital expenses. Despite the rising wages for this industry, its share of industry revenue has decreased in recent years, down from 24.6% in 2009 to about 22.0% in 2014... purchase to read more